arts and crafts

Retail
Michaels Names Buchanan President/CEO

Michaels has tapped Ashley Buchanan, an experienced retail executive from Walmart, as the retailer’s president and chief executive officer designate and appointed him to the company’s board of directors, effective January 6, 2020.

Financials
Michaels Q3 Comps Decline

In a third quarter marked by an impairment charge, Michaels reported a net sales and net income decline, although the retailer said it plans for operational improvements.

Retail
Michaels Strengthens Senior Leadership Team

Michaels has made several changes to its senior executive leadership team. Vidya Jwala has been appointed to the newly created role of chief customer officer, Scott Lindblom has been promoted to evp/chief information officer and Holly Shaskey-Platek has been promoted to evp/chief human resources officer.

Retail
A.C. Moore Launches Handcrafted Marketplace

A.C. Moore has launched a handmade marketplace for artists and makers. The A.C. Moore Marketplace is a connection between the company and creative entrepreneurs, and was developed to help them sell handmade creations worldwide.

Financials
Charges Impact Michaels In Q1

Costs associated with the departure of its former CEO, Chuck Rubin, the closure of the company’s Pat Catan’s stores and lower comparable sales were factors that hit Michaels first quarter financial results.

Retail
Michaels Names Cosby Interim CEO

The Michaels Companies has appointed Mark Cosby as interim CEO and board member. Cosby succeeds Chuck Rubin, who has mutually agreed with the board of directors to transition out of his role as CEO.

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